• Mittwoch, 07 Mai 2025
  • 15:24 Frankfurt
  • 14:24 London
  • 09:24 New York
  • 09:24 Toronto
  • 06:24 Vancouver
  • 23:24 Sydney

Northwest Oil & Gas Trading Company, Inc.: Update Second Quarter 2014 and July 2014

01.08.2014  |  DGAP

Projects Alabama

The evaluation of a team of professionals from a Canadian company during their personal visit concerning our Alabama projects ended very satisfying with an absolutely positive feed back. We will keep you updated concerning the ongoing negotiations and results.

Projects Kentucky / oil production successfully started

During a visit of our team in Kentucky we have been able to convince us personally about the professionalism of our Kentucky partners and the actual status of our new projects. The rework of the wells is within the timetable. The first well already started with production and we have been able to pick some of our oil. We expect the first cheque in the name of NWO soon.

Additional oil project in Kentucky

In addition to the oil project already mentioned in our last Corporate News we are glad to inform that we joined in a further oil project in Kentucky. This lease is also located in the heart of proven oil reserves. Its planned to drill one offset well. A well, located in the same adjoining zone but not on our lease, was currently drilled and is producing 25 barrels of oil per day.

Although there is no guarantee that the same production can be established on our new well, all the information concerning the porosity of the targeted zone, the thickness of the zone, the location and the depth all are indicators that the same type of production is possible. Advisors of this project believe that even if we miss these production levels, this well could produce as much as 110 barrels of oil per month.

Projects Iraq

Under the current circumstances our activities in Iraq are "on hold". From the point of view that we are concentrated in the northern parts of Iraq, controlled by the Kurdish Regional Government (KRG), we have to see what the future will bring, especially because the KRG has renewed its push for an independent state amid the latest violence roiling Iraq.

About Northwest Oil & Gas Trading Company, Inc.: Northwest Oil & Gas Trading Company, Inc. is an investment company in the oil and gas industry. The core business areas are organized into a regional focus in the US and in the Middle East, Africa and Europe. In the US the focus is on the acquisition and reactivation of oil- and gas-fields to expand these to a maximum production by using modern methods. The objective is occupying niches that appear uninteresting and not lucrative enough for large corporations. Further business should arise from proposed oiltrading with potential partners in the Middle East and Russia. Additionally the company is in the process of forming alliances to focus on the advanced "Cold Cracking Technology" as well on the "GTL Gas to Liquids Technology" for refineries in connection with its joint venture partners.

Disclaimer/Predictive statements:
This notification serves only general purposes and is not meant as a tender to purchase or sell shares of NORTHWEST OIL & GAS TRADING COMPANY, INC. Some statements in this notification are so-called forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These assertions are based on current expectations, estimates and forecasts as well as currently available information. The future-oriented assertions are not to be understood as guarantees of the cited prospective developments and results. The statements are not based on historical background, but rather represent predictive position statements and assumptions subject to risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements and assumptions, including, but not exclusively, certain delays beyond the control of the company, uncertainties regarding future and/or unexpected costs, the inability or failure to obtain adequate financing on a timely basis, changes in the national and local laws, natural catastrophes, the risk of inadequate insurance or the inability to conclude an insurance contract and other risks, as well as also entirely unknown risks, uncertainties and factors which could lead to situations where the actual results, financial situation, developments or performance of the company considerably deviate from those which were expressly or implicitly assumed in these statements or assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. NORTHWEST OIL & GAS TRADING COMPANY, INC. is neither committed to update this forward looking statements nor to amend them in the case of an unexpected trend.

August 01, 2014
NORTHWEST OIL & GAS TRADING COMPANY, INC. Contact: E-Mail ir@nwoil.org





Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



© 2007 - 2025 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr!
Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert)